Trump Strikes Back: Federal Investigation Targets Letitia James as Tariff War Escalates!
Well, folks, it looks like the tables might finally be turning! We’ve been talking about it for years, waiting to see some accountability for the relentless lawfare against President Trump, especially from New York Attorney General Letitia James. Now, it appears a federal investigation has been launched into Letitia James.
As we discussed in our video, the US Federal Housing Finance Agency director has referred New York AG Letitia James to the Department of Justice for mortgage fraud. This referral stems from allegations that James falsified records to meet certain lending requirements and receive favorable loan terms. Specifically, it’s been reported that she allegedly claimed a property in Virginia as her principal residence while simultaneously holding a statewide public office and primarily residing in New York. Mortgage documents reportedly reaffirmed the Virginia property as her primary residence, even as a building permit listed her New York property as her occupied primary residence.
We pointed out that primary residence mortgages typically have more favorable terms, including lower interest rates, compared to secondary residences. It’s alleged that James purchased a property in Northfor Virginia using a Fannie Mae/Freddie Mac form, reaffirming it as her primary residence. Furthermore, there are allegations concerning her New York property being claimed as a four-unit structure instead of a five-unit structure, which reportedly allowed her to obtain a different and more favorable loan.
The potential charges against James could include wire fraud, bank fraud, and false statements to financial institutions, each carrying a potential sentence of up to 20 to 30 years in prison if convicted. It’s worth noting, as we mentioned, that these are existing laws, unlike some of the legal maneuvers used against President Trump. We here on the channel will be watching this story very closely and, frankly, believe that if these allegations are true, James should face the full consequences.
In other major news, President Trump is escalating his trade actions, particularly against China. We’ve long supported a firm stance against China, advocating for significant tariff increases to bring them back to the negotiating table. It appears President Trump is taking action, with reports indicating increased tariffs on Chinese goods.
While the exact figures seem to be a point of contention, with some reports suggesting a 245% tariff on certain Chinese goods, the White House clarified that China faces a 125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods between 7 and 100%. Regardless, China has acknowledged that some of its exports to the US could face rates as high as 245%.
Unsurprisingly, China has warned President Trump to stop “whining” over tariffs amidst this escalating trade war. This comes as the US has also tightened export rules, affecting companies like Nvidia. However, there are also indications that China is open to trade talks if President Trump “shows respect”. We believe it’s in the best interest of both nations to reach a fair agreement, even if it involves a period of tough negotiations.
Furthermore, President Trump is not just focused on China. He has personally involved himself in tariff talks with Japan, even attending a meeting with Japanese and US trade officials. Japan is reportedly coming to negotiate tariffs, as well as the cost of their contribution to hosting US troops. President Trump stated that Japan has been hit with 24% levies. We see these negotiations as a positive step towards re-evaluating trade relationships and ensuring fairness.
It’s clear that President Trump is not slowing down on multiple fronts. From potential retribution against those who pursued him legally to a renewed push on trade, it’s a busy time. We’ll continue to bring you the latest updates and our analysis right here on our channel. Make sure you subscribe to Quartercast, our backup channel, for even more daily content you won’t find here, especially as we navigate some ongoing issues with this main channel. We appreciate your support and will keep you informed every step of the way.
